Barra Resources (ASX:BAR) managing director Sean Gregory speaks to Proactive Investors about the Australia-focused exploration and development company's dual commodity focus, spanning gold and battery metals.
Gregory explains, "on one side we’ve got our historical gold assets, dating right back to 1885, really solid gold assets that deserve some decent expenditure on exploration to uncover their potential. On the other side we’ve got the Mt Thirsty project, which is in the cobalt-nickel space and heavily exposed to the electric vehicle segment. Many investors, if they were to list their top commodities, you would find cobalt, nickel and gold would score very highly on that list, so we’re very fortunate to have that exposure."
Barra Resources has just kicked off a pre-feasibility study at its flagship Mt Thirsty Cobalt-Nickel Project in Western Australia, in partnership with Conico Limited (ASX:CNJ).
"It’s a real genuine cobalt project with some nickel credits. Many other mines around the world are actually nickel projects with cobalt credits. So Mt Thirsty is very, very heavily exposed to the uplift that we're presently seeing in the cobalt prices, which is driven by the fundamental supply and demand factors, which we don’t see changing," says Gregory.